In this video I cover all the basics a beginner needs to know as to how to use this simple yet amazing tool which is available for free
2⃣ How to read CANDLESTICKS without knowing the names?
Candlesticks are the foundation of charting and I cover how to read candlestick charts without needing to know the names of them
3⃣ When to use LOG/LINEAR CHARTS?
Even the biggest handles get this simple concept wrong and I teach how you can have a better perspective on charting by making a simple switch to log charts
4⃣ The secrets to find a significant and reliable TRENDLINE!
It's easy to get carried away with trendlines as it is totally subjective. But, don't worry in this video I teach rules which you can use to identify valid trendlines and how to draw them!
5⃣ The psychology behind DEMAND & SUPPLY and how to read it!
Everything in this world is driven by demand and supply and so are stock prices and this is the heartbeat of technical analysis. So, do watch this video to understand the pulse of your stocks!
6⃣ Find stock BUY/SELL SIGNALS using the CCI Indicator!
The most important diagnostic tool for me and a very important indicator for me that signals turning point in stocks. It’s very simple to understand, so give it a try after watching the video.
7⃣ Understand OUTPERFORMANCE & UNDERPERFORMANCE in stocks!
Worried that your PF is not moving up when markets are going up? Watch this video to understand the reason so that the next time you buy stocks with relative strength!
8⃣ The most important BREAKOUT scanner for me!
CCI based breakout scanner to identify swing trades/positional trades/investment ideas. With some effort you can find the next potential multibagger!
9⃣ The REVERSAL SCANNER that helps me identify great R:R trades!
CCI based Reversal scanner to spot low-risk opportunities that will help you with great R:R trades
🔟 SCAN & SHORTLIST stocks in a matter of mins!
Learn how I scan and shortlist stocks in just a matter of mins
1⃣1⃣ The most simplest strategy for beginners - HORIZONTAL BREAKOUT strategy!
A simple line yet the most powerful strategy that I’ve come across till now. If you are a beginner struggling then this is a MUST watch!
1⃣2⃣ The most reliable pattern to spot multibaggers - INVERTED HnS!
My favourite pattern in the whole of technical analysis which is highly reliable and can help spot potential multibaggers
1⃣3⃣ Big money is made with this TREND FOLLOWING strategy!
The only strategy you need to know. The greatest of great traders do trend following. So why not you?
1⃣4⃣ The best traders analyse the stock in all time frames - Learn MULTI-TIME FRAME analysis!
Increase your winning probability by doing multi-time frame analysis. You do not want to buy a stock that is in a downtrend on Monthly/Weekly charts.
1⃣5⃣ EXIT is when you make money!
I discuss exit strategies for stocks that are trending and also quite extended in this video
1⃣6⃣ Learn while you trade - TRADING JOURNAL video
A journal is a must to know where you are right and wrong. This is the only secret to winning in markets. So learn how I do it in this video
1⃣7⃣ The foundation for your trading career - RISK Management!
Well, this should have been the first video but if you have read till here then don't miss this. This is the first and foremost aspect in trading.
It took me 100+ hours of reading to understand candlesticks…
But, don't worry I’m going to help you understand CANDLESTICKS with a vegetable seller example in just 10 minutes…🤓
So take a paper, pen and read along…
Let’s go🧵...
1⃣So, what’s a candlestick?
- Candlestick charts are the most used charts
- For ex, Refer to the below Infosys candlestick chart
- Just by looking at this chart a Technical Analyst will be able to predict what can happen in the future
Sounds interesting? Ready to learn?
2⃣So, what does a candlestick represent?
- Let’s take the ex of a vegetable seller in the market
- The seller opens the shop in the morning & awaits his first customer & has a price in his mind that is based on costs & profit
Image source: Iconscout.com
…& I wouldn’t have learnt these with ‘Paper Trading’🎯
If you are a beginner, here is why you should stop paper trading...
Let’s go🧵…
1⃣My Paper trading experience
- Back in 2013-2015, during my MBA I used to participate in virtual trading competitions & I used to win them
- But when it was real money I kept losing - small profits, huge losses.
So, why did I still lose when I traded with real money?
2⃣But, why shouldn’t I paper trade?
- You can paper trade! That’s not the problem
- But, what’s your objective with paper trading? To test various strategies then good
- If you want to learn trading? Then it will NOT HELP you in any way.
It took me 10+ years & more than 1000+ hours of practice…
to master these 5 IMPORTANT RULES WHILE DRAWING TRENDLINES 🎯
These simple rules, if mastered, can help one spot HIGH PROBABILITY TRADES!
Ready to learn?🤓
Let’s go🧵…
1⃣ Trendlines are zones and not a single line!
- Due to volatility in price, many times prices tend to spike on both sides
- So, consider trendlines as zones from multiple swing highs(include wicks) to get the best fit trendline
- Your winning probability increases with zones
2⃣ Trendlines with more touchpoints
- Any trendline with 3 or more touchpoints is a very significant one
- The price points around significant trendlines are important & should be watched
Even the biggest handles with 100k+ followers get this simple thing wrong in charting!🤦♂️
This is the most important thing especially if you are analysing long term charts!🧐
So, let's get this right today!
USE LOG CHARTS 📈 FOR ANALYSING LONG TERM CHARTS!
Let’s go🧵...
1⃣ Wait, What's Log chart?
Before I define Log chart, let's look at the chart you are using daily - 'The Linear Chart'
- Linear chart is used by default in most platforms. This is probably why you never knew log charts
Wait, don't click on 'log' yet before you understand it...
2⃣ ok, so what does Linear chart mean?
Take a look at the image
- The y-axis is separated equally by 1000 points starting from 0 to 11000.
- So, any linear chart would have its y-axis equally separated by 'N' points always